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Current Affairs January Questions & Answers PDF 2018

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Current Affairs January Questions & Answers PDF 2018 Current Affairs Q & A PDF Current Affairs January Questions & Answers PDF 2018 1. Which State Government has published first draft of Supreme Court monitored National Register of Citizens (NRC)? 1. Manipur 2. Mizoram 3. Assam 4. Nagaland 5. Sikkim Answer - 3. Assam Explanation : Assam State Government has published first draft of Supreme Court monitored National Register of Citizens (NRC). As per Supreme Court directive, draft NRC for Assam was to be published on or before December 31, 2017. Registrar General of India, Sailesh has stated that first draft of NRC contains names of 1.9 crore applicants. Names of these applicants have been verified out of 3.29 crore population.NRC application process in Assam started in 2015 with an objective to weed out illegal immigrants from the state. Assam Chief Minister, Sarbananda Sonowal has stated that all those individuals whose name did not appear in the draft of the NRC, may submit claims and objections against the same. 2. Which state government had launched ‘Saubhagya Yojana’, aimed at providing electricity to all the villages across the state? 1. Bihar 2. Gujarat 3. Assam 4. Jharkhand 5. Odisha Answer - 4. Jharkhand Explanation : Jharkhand Chief Minister Raghubar Das launched ‘Saubhagya Yojana’, aimed at providing electricity to all the 29376 villages across the state. Currently, 17.64 lakh households in Jharkhand do not have electricity supply. Under ‘Saubhagya Yojana’, all such households will get 24X7 electricity supply by December 2018. Jharkhand State Government is also putting efforts to provide electricity to cottage industries and agriculture. Under this scheme, above poverty line (APL) families would get electricity connection by paying Rs 500 (Rs 50 each month for 10 months). 3. Which state hosted the 9th meeting of High Powered Review Board (HPRB) of Brahmaputra Board? 1. Himachal Pradesh 2. Manipur 3. Sikkim 4. Uttarkhand 5. Assam Answer - 5. Assam Explanation : 9th meeting of High Powered Review Board (HPRB) of Brahmaputra Board was held at Kaziranga in Assam on December 30, 2017. The meeting was chaired by Union Minister for Water Resources, River 1 | Page Follow Us - FB.com/AffairsCloudOfficialPage Copyright 2018 @ AffairsCloud.Com Current Affairs Q & A PDF Development and Ganga Rejuvenation, Nitin Gadkari. Assam Chief Minister, Sarbananda Sonowal along with other ministers and senior officers of Assam State Government also attended this meeting. HPRB approved restructuring of Brahmaputra Board. Rs. 237 crore project for protection of Majuli Island from flood and erosion has been ratified. Approval has been granted for establishment of Brahmaputra Board office complex in Majuli. 4. After Sikkim, Which state was declared as the second state in the Northeast to be declared Open Defecation Free (ODF)? 1. Manipur 2. Mizoram 3. Nagaland 4. Arunachal Pradesh 5. West Bengal Answer - 4. Arunachal Pradesh Explanation : Arunachal Pradesh was declared as the second state in the Northeast (after Sikkim), to be declared Open Defecation Free (ODF). Arunachal has attained ODF status much before the national deadline of October 2, 2019. This was made possible as under Swachh Bharat Mission (Gramin) - SBM (G), Arunachal Pradesh State government offered an incentive of Rs 8000 per toilet. This amount is in addition to the Central Government’s support of Rs 12000 per toilet, thereby raising the total grant for constructing a toilet to Rs 20000. On October 2, 2017, Arunachal Pradesh State Government had also launched Swachh Arunachal Mission which envisaged Swachh Protocol (Cleanliness Protocol), aimed at ensuring sustainability of assets created under SBM (G). 5. The Annual Book Exhibition supported by Andhra Pradesh government and NTR trust was inaugurated in which city of Andhra Pradesh? 1. Vishakapatnam 2. Tirupathi 3. Guntur 4. Vijayawada 5. Amaravati Answer - 4. Vijayawada Explanation : Year 2018 was declared as Telugu promotion year by Andhra Pradesh Chief Minister N. Chandrababu Naidu. This was announced at the 29th edition of Annual Book Exhibition of Vijayawada. Vice President M Venkaiah Naidu and Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated the exhibition. Chandrababu Naidu also recognised Vijayawada as the centre for Telugu magazines, newspapers, and literary publications. The Annual Book Exhibition of Vijayawada is organized by Vijayawada Book Festival Society. This edition was supported by Andhra Pradesh government and NTR trust. 6. Name the two Arab countries which introduced Value Added Tax (VAT) for the first time? 1. Saudi Arabia and Algeria 2. Saudi Arabia and United Arab Emirates (UAE) 3. Saudi Arabia and Bahrain 4. Saudi Arabia and Qatar 5. Saudi Arabia and Djibouti Answer - 2. Saudi Arabia and United Arab Emirates (UAE) Explanation : Saudi Arabia and United Arab Emirates (UAE) introduced Value Added Tax (VAT) for the first time. The VAT is levied on food, clothes, electronics, gasoline, phone, water, electricity bills, hotel reservations, etc. Most of the goods and services are levied5% tax. Medical treatment, financial services and public transport also excluded from VAT. This is done in a move to boost income in Saudi Arabia and UAE apart from their oil field earnings. In Saudi Arabia, tobacco and soft drinks have been levied 2 | Page Follow Us - FB.com/AffairsCloudOfficialPage Copyright 2018 @ AffairsCloud.Com Current Affairs Q & A PDF tax. In UAE, road tolls have been increased and a tourism tax has been introduced. 7. India exchanged the list of nuclear installations and facilities with which country, simultaneously through diplomatic channels? 1. Afghanistan 2. China 3. Russia 4. Singapore 5. Pakistan Answer - 5. Pakistan Explanation : India and Pakistan exchanged the list of nuclear installations and facilities through diplomatic channels simultaneously at New Delhi and Islamabad. The list of nuclear installations and facilities covered under the Agreement on the Prohibition of Attack against Nuclear installations were exchanged between India and Pakistan. This agreement was signed on 31st December 1988. As per this agreement, India and Pakistan exchange information on nuclear installations and facilities on January 1 every year. This is the 27th consecutive exchange of nuclear installations. 8. In a bid to reduce accidents and make mountaineering safer, which country has brought in new regulations that prohibit solo mountaineers, double amputee and blind climbers from attempting to scale the mountains? 1. Bhutan 2. India 3. Nepal 4. Myanmar 5. Pakistan Answer - Explanation : In a bid to reduce accidents and make mountaineering safer, Nepal has brought in new regulations that prohibit solo mountaineers, double amputee and blind climbers from attempting to scale its mountains including Mt. Everest. In case of double amputee and blind climbers, prohibition applies only to those without a valid medical certificate. Eight of the world's 14 highest peaks are located in Nepal. Every year, thousands of climbers arrive in Nepal to scale these peaks. However, not all are successful. As per the data, since 1920, more than 200 people have lost their lives in an attempt to scale Mt. Everest. Avalanches, falls and mountain sickness are main reasons for death while attempting to scale mountain peaks. 9. What is the present Base Rate of India’s large bank SBI? 1. 8.65% 2. 8.64% 3. 8.63% 4. 8.62% 5. 8.61% Answer - 1. 8.65% Explanation : India’s large bank, State Bank of India, reduced its base rate by 30 basis points. Post this reduction, SBI’s base rate is 8.65%. This base rate cut will benefit those borrowers who availed floating rate loans, including home loans, before April 2016 and have not migrated to marginal cost of lending rate (MCLR) regime. Marginal Cost of Funds Based Lending Rate (MCLR), introduced by Reserve Bank of India (RBI) from April 1, 2016 is the minimum interest rate of a bank below which it cannot lend. It serves as an internal benchmark for the bank. Interest rate on corporate and retail loan products is fixed above this rate. Higher difference between benchmark rate and loan rate is more beneficial for the bank from revenue standpoint. It is to be noted that MCLR was introduced as the base rate regime was found to be rigid and weak for rate transmission (passing the benefit of benchmark rate reduction by RBI to 3 | Page Follow Us - FB.com/AffairsCloudOfficialPage Copyright 2018 @ AffairsCloud.Com Current Affairs Q & A PDF borrowers). In context of this news, it is important to note that SBI has not made any changes in its current MCLR. 10. Name the country which announced a 40% increase to the minimum wage with effect from January 2018? 1. Egypt 2. Lebanon 3. Oman 4. Venezuela 5. Palestine Answer - 4. Venezuela Explanation : Venezuelan President Nicolas Maduro announced a 40 percent increase to the minimum wage with effect from January 2018. In recent times, Venezuelan economy has witnessed world’s fastest inflation. Although Venezuelan government no longer publishes inflation data on a regular basis, internal assessment has revealed that prices went up 1369 percent between January and November 2017. To counter this situation, Maduro has been raising the minimum wage. However galloping inflation along with a depreciating bolivar currency has plunged millions of Venezuelans into poverty. Economists are of the opinion that these approach is putting Venezuela through a vicious cycle. However, Maduro believes that wage hike will protect workers against US Government’s ‘economic war’ to sabotage socialism in Venezuela. 11. Who was appointed the new Managing Director of India Infrastructure Finance Company Ltd (IIFCL)? 1. Ashok Gupta 2. Sudhir Patel 3. Jyothi Ghosh 4. Vijay Kumar 5. Pankaj Jain Answer - 5. Pankaj Jain Explanation : Pankaj Jain has taken charge as Managing Director of India Infrastructure Finance Company Ltd (IIFCL). Pankaj Jain is currently Joint Secretary in the Department of Financial Services (DFS). He will hold additional responsibility as Managing Director of India Infrastructure Finance Company Ltd (IIFCL). Pankaj Jain is a 1990 batch IAS officer of Assam-Meghalaya cadre.
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